Tuesday, February 01, 2011

Welcome to twenty-sixth edition of The Wealth Builder Carnival. The purpose of this carnival is to collect articles from the blogosphere on building, preserving and keeping enough wealth for a comfortable retirement. For reference, I have tried to keep the carnival content tightly focused on wealth building and did not include submissions that were off topic.

For reading convenience, the posts are listed with a brief summary or comment by the submitter and organized them into seven categories: Earning, Investing, Insuring and Protecting, Living Frugally, Retiring, Saving and Taxes.

And now onto the Carnival:

Earning

"Writing is the hardest way of earning a living, with the possible exception of wrestling alligators." ~ Olin Miller

Insuring and Protecting

"The chief beneficiary of life insurance policies for young, single people is the life insurance agent." ~ Wes Smith

CreditCardGuru presents American Express Extended Warranty Review posted at credit card forum [the blog], saying, "If you have an American Express card, here are some important things you need to know about the extended warranty benefit. It's a great free perk for protecting your purchases, but if you don't understand the rules and exclusions, you could be in for a nasty surprise."

Investing

"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful" ~ Warren Buffett

Hussein Sumar presents 5 Tricks to Successful Dividend Investing posted at High dividend stocks, saying, "Why should you make dividend investing a part of your strategy? Because it is free money! Think of dividend paying stocks as investments that will put cash in your wallet, without you having to worry about market values going higher. According to value investor Benjamin Graham, this becomes especially true for those companies with tons of cash flows & little or no debt. The school of thought behind this is, why should you care of growing your stock's price from $50 to $52 if you are already getting a decent 8% annual dividend yield from your company; this in a world where banks are literally offering 0.75% interest on a 12 month GIC. In this article, we explain the 5 basic traits that all successful dividend investors should have."

Dividends4Life presents 25 Stocks Building Wealth Through Higher Dividends posted at Dividends Value, saying, "To ensure a retirement that is free from financial concerns, there are certain things that must be done today. The stock market does not travel in a straight line. There will be times it will behave irrationally. These are the times that try an investor’s patience. Those with clear goals and confidence in their chosen strategy aren’t phased by these market movements."

FIRE Getters presents Investing - The Mistake Of Timing The Market posted at FIRE Finance, saying, "We sometimes ponder and try to speculate the market. Basically we try to time the market to maximize our gains. Often we give up in despair! There are so many factors to be taken into account, volumes of information to be considered (not all of them are all reliable either) and finally there is a humongous number of unknown parameters that may influence the market! How on earth does one tackle all that?"

Jim Yih presents What is Estate Planning? posted at Retire Happy Blog, saying, "An estate plan is absolutely essential for organizing your financial affairs and providing for the well being of your family."

Saving

"Lack of money is the root of all evil." - George Bernard Shaw

PT presents Ideas for Your Social Security Tax Break posted at Prime Time Money, saying, "We will all be seeing extra money in our paychecks this year because of the payroll tax withholding deduction. So what should you do with that additional cash? PT Money has some great ideas."

Taxes

"The nation should have a tax system that looks like someone designed it on purpose." ~ William Simon

Craig/FFB presents 2011 Federal Income Tax Brackets posted at Free From Broke, saying, "Take a look at each of the Federal Income Tax brackets for both single taxpayers and married couples filing jointly, and take a look at what is changing going into 2011."

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About Me

My wealth goal is to create a guaranteed yearly income stream equal to my highest salary for my retirement years. While I have developed a strategy to do this,
I am interested how others are thinking of achieving financial security for retirement.
This blog is a summary of facts, ideas, discussions, and action plans to achieve that goal.

Disclaimer

This is a personal blog about my thoughts, experiences and ideas on building wealth. The contents of this blog are for informational purposes only. No content should be construed as financial advice. Commenters, advertisers and linked sites are entirely responsible for their own content and do not represent the views of My Wealth Builder. All financial decisions involve risks and results are not guaranteed. Always do your own research, due diligence and consult your own professional advisor before making any decision. My Wealth Builder assumes no liability with regard to financial results based on use of information from this blog.

If this blog contains any errors, misrepresentations, or omissions, please contact me or leave a comment to have the content corrected.

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Disclaimer:
This is a personal blog about my thoughts, experiences and ideas on building wealth. The contents of this blog are for informational purposes only. No content should be construed as financial advice. Commenters, advertisers and linked sites are entirely responsible for their own content and do not represent the views of My Wealth Builder. All financial decisions involve risks and results are not guaranteed. Always do your own research, due diligence and consult your own professional advisor before making any decision. My Wealth Builder assumes no liability with regard to financial results
based on use of information from this blog.

If this blog contains any errors, misrepresentations, or omissions, please contact me or leave a comment to have the content corrected.